The New York Herald Newspaper, December 2, 1873, Page 9

. a % . @reat country.’’ FINANCIAL AND COMMERCIAL —— ee The Views of the Comptroller of the Currency---The Fic- tions of Wall Street. FACTS AND FALSEHOODS. How the People Are Hoodwinked-— Lies by Telegraph. THE MONEY SITUATION. ‘Congressmen and Their Duties to Bank Depositors. ‘GOLD A TRIFLE LOWER. ‘Ihe New Rate of Exchange—Stocks, Bonds and Other £ecurities. WALL STReET, } Monpay, Dec. 1—6 P. M. The Comptroller of the Qurrency, in the report the has prepared for Congress, while describing the situation of affairs in and around Wall street, says:—‘The quotations of the Stock Board are .known to be fictions of speculation; yet thess lotions control the business and commerce ofa Uttered by a high authority such words as these must mean something. They are intended to convey warning—to describe the wild, reckless manner of doing business which has pre- vatled on ’Change, and to indicate to the people of the country that while they continue to follow the ups and downs of a mese local speculation they must take the chances of being deceived by a will- o’-the-wisp. The Comptroller, when he wrote the report from which the above paragraph is taken, doubttess had in his mind certain facts. He prob- ably knew that, even in the flush times of the past, it was necessary to sell stocks or bonds or to bor- row money in some form in order to pay the divi- dends of certain LEADING RAILROADS. Perhaps he recalled Rock Island, which, for the past four years, has been thus obliged to sell stock, and even postponed tne payment of its last divi- dend one month after the sale of $3,000,000 of its stock. Or, possibly, he recalled the instance of Lake Shore, which, according to its report of 1872, had a floating aebt of $6,350,000; yet, in order to pay the last August dividend, borrowed from the Union Trust Company $1,800,000, thus creating a foating debt of some $8,000,000, which has either to be paid out of the future earnings of the road, or be made a perpetual tax on the same in the shape of interest on a iuture issue of bonds. He may have even thought that New York Central, fotwithstanding its immense local trafic, is not able, after the payment of 8 per cent on $90,000,000, to show much of a surplus; or that the Western Onion Telegraph Company cannot and will not de- clare a dividend while the growth of the country demands an outlay, in order to keep pace with it, which will absorb every dollar of earnings. If these things were known to the learned Comp- troller before, what must be his judgment now, when TRADE IS DIMINISHED, Qgures are eloquent with Joss, trains are running (m one direction comparatively empty, money is stringent, business is dead, and resources are de- pendent, not on the speculative figures of Wall street, but on the unchangeaole laws of interconti- nental commerce? There are many thousands of thoughtful men who, like the Comptroiler of the Ourrency, stand on the outsktrts of this maelstrom and with him exclaim, “These are the fictions of Speculution |” Still, the work “goes bravely on,” and ifthere were a Lot’s wife turned intosalt every hour in the day and every day in the year asa warning or an example the probability is that a pool would be similarly made up to sell the re- mains and “bull” the auction price to the most at. tractive figures, Somepody must be “sold” or this would not be Wall street. In the reports which dave come FROM WASHINGTON to the street to-day, and have been indus- triously distributed through the telegraphic wires that ran into a multitude of of flcea, we have avant-couriers of the kind of information which may be daily, if not hourly, expected during the pending session of Congress. ( was stated, for instance, that the “inflation- ists,” headed by William Kelley, of Penn- sylvania, are at work, and claim that * they have sufMicient strength in both houses to secure whatever additional circulation may ve necessary; that Senator Logan says the West wants and must have more currency; that the West and South are a unit on the inflation question, and that cven the President will recom- mend an increase in greenbacks. In this manner the community are respectfully invited to submit toatelegraphic nose-pulling process, to believe falsehood, to accept the wildest vagaries of vagrant Oongressmen, to receive as truth what is only meant for speculation and denial, and to put out their money for profit or ioss. If there be those who are inclined in their ignorance to yteld to these influences, let it be understood once for all that before any measure of financial relief can be adopted it must undergo discussion before a com- mittee who will take counsel irom the wisest men tm the country, be solemnly considered by the Senate and House of Representatives, and be Gnally reviewed by the President and his constitu- tional advisers. It is the height of folly, thereiore, for a speculator to base his judgment {rom hour to hour on these reports or expect from them any in- dication of the change that may be finally deter- qined upon. DEFAULTS. To-day wasa point of interest, because certain dividends were payable on railroad investments. Only two defaults, however, are thus far reported; Orat, that of the Kansas Pacific Railroad, which Should have paid the amount due on $4,063,000 bonds; and second, that of the Missouri, Kansas and Texas, on $350,000 seven per cent gold bonds Of the Teobo and Neosho Railroad, which is owned by the Missouri, Kansas and Texas, The reason for defantt assigned in the case of the former is that its earnings were absorbed in the construc- tion of a new road—some 88 miles long, which con- struction is being effected without a sale of bonds, It 1s always to be borne in mind in criticising these defaults, especially where they concern an incom- plete purpose, that the means may sometimes jus- tify the end. Railroads which extend into the far West, through unproductive countries, and meet diMoulties that cat! fora display of more persistence than of money, that earn but little as waylarers and yet work out great results, that are intended to 1x new lines of travel and produce, are cer- tainly entitied to patience and consideration. They are like new limbs shooting out and convey- tng trom the body corporate something of its own poneric life, and necessity, if nothing else, compels as to wait upon their growth. Temporary default (n such instances, therefore, 1s not always to be re, gerded as a sign of permanent weaknass, THN MONEY MARKET fas strong all day, the rate ranging from 7 per sent on call loans to 7 per cent gold and 1-16 com. mission. Even at these rates prime names were fequired, Mercantile paper is unchanged, and Mecounts are effected from 12 to 15 per cent and 16 to 16 per cent, according to the credit of the holdets: The New York banks claim to have $206,000 more of legal tenders than op Saturday, of a sum total of $36,985,000, Wito money so firm is ts reported, the unwillingness of the banks to ford relief suggests the thought that they are carrying such & load of extended mercantile paper ‘bet they are not in @ condition to per- form) = eir wsual «mission, It would be NEW YORK HERALD, TUESDAY, DECEMBER ¥, 1873.—TRIPLE SHEET. gratifying to the public to receive a detailed report of the condition of several en pecially those which were protected during the panic by the Clearing House, and subsequently re- ported by the Committee of Nine a8 “weak.” Cannot some shrewd Congressman win the grati- tude of depositors by securing the passage of a law that shall compel an exhibit of the daily con- dition of every bank and the abolition of the present system of bank averages, behind which is hidden so much of the initial evil which, in its cumulative results, 18 calculated to produce panic? Letus have light! Foreign exchange closed up firm at 108 for prime bankers’ sixty days’ sterling and 109 for demand. Commercial bills are scarce, and selling at 107 a 107 5;, THE GOLD MARKET was uninteresting, being for the moment deprivea of that variable pabulum which has recently con- triputed to the interest of this speculative organ- ism. The price opened at 108% and declined to 108%, but now and then touched 109, After two o’clock, however, it was steady at 108%. The car- Tying rates were 7, 1-82 and 7 per cent, gold. The day’s business at the Gold Exchange Bank was aa 297,587 Currency balances 1,427,315 OLEARING HOUSE STATEMENT. Currency exchanges . Re att Currency balances.. 5, 842,11 Gold exchanges 8,773,301 Gold balances. . sree 267,639 THE UNITED STATES TREASURY. The recapitulation of the public debt statement will be found elsewhere, It is briefly summarized here, The increase in the public debt tor Novem- ber amounts to $9,028,576. The coin in the Treas- ury is $83,709,987, against which are coin certifi- cates to the amount of $30,220,600, The currency in the Treasury is $1,206,440; the legal tenders out- standing, $366,922,018, and legal tenders on special deposit, $20,150,000. The department estimates for 1875 amount to $319,198,730. The customs re- ceipts to-day were $287,000, The Assistant Treas- urer paid out to-day $107,000 on account of inter- est and $103,000 in redemption of five-twenty bonds, The balances in the United States Treasury at the close of business to-day were:—Cur- Tency, $1,300,000; coin, $83,700,000; certificates, $30,220,000 ; outstanding legal tenders, $366,962,000— increase since last report, $1,062,000, GOVERNMENT BONDS. Government bonds closed strong, as fol- lows :—United States sixes, 1881, registered, 111% a 112; do. do., coupon, 116 a 116%; do. five- twenties, 1862, coupon, 110% a 110%; do. 1864, do, 111; do, do, 1865, do, 111% a 113; do, do., 1865, do., new, 11544 a 11534; do. do., 1867, do., 11534 @ 11536; do, do., 1868, do., 115; do, ten- forties, registered, 10834 a 10834; do. do., coupon, 10334 & 1085; New fives, 1881, coupon, 109% @ 110; six per cent Pacifics, 103% a 109. SOUTHERN BONDS. We note the sale of $70,000 new Florida gould bonds at 80. Missouri sixes sold at 89, The foliow- ing were the latest quotations:—Missouri sixes, 8944; do. do., Hannibal and St. Joseph issue, 85; do. do., Asylum or University, 84; Tennessee sixes, ld, 7234; do. do., new, 72%; Virginia sixes, old, 84; do. do., new, 40; do, do., consolidated, 493, ; do. do., deferred, 934; Georgia sixes, 62}; do. sevens, new, 80; North Carolina sixes, old, 224; North Car- Olina, issued to North Carolina Railroad Company, coupon, 30; do. do. do., ex-coupon, 25; do. special tax, 6; South Carolina sixes, January and July, 9; Arkansas sevens, Little Rock and Fort Smith issue, 16; do, do., Memphis and Little Rock, 16; do. do., Little Rock, P. B. and New Orleans, 14; do. do., Mississippi, Ohio and Rea River, 16; do. do, Arkansas Central Railroad, 17; Texas tens, 1876, 82. THE FOREIGN MARKET was without interest, The latest quotations are as follows:—Uonsols for money, 93% 8 9334; consols for account, 92% a 92%, ex-coupon; five-twenty bonds of 1865, Old, 933¢ @ 03%; ; five-twenty bonds of 1867, 9734 a97%¢; ten-forty bonds, 91% a 92; new fives, 92 a 925; Erie Railway shares, 383 a 385; New York Central shares, 77% a 78. American securities are reported steady. In Amsterdam the following were the closing quotattons:—Oentral Pacific frst mortgage bonds, 803%; Union Pacific first mortgage bonds, 60; Union Pacific stock, 23; Northwestern preferred, 62; St. Paul preferred, 54; Erie shares, 41. re THE NEW RATE OF EXCHANGE. The committee of the London Stock Exchange Proposes, from the beginning of next year, to adopt a change in the oficial par of exchange which has been fixed for dealing in securities ex- pressed in American currency. The present ofi- clal par is 4s, 6d. per dollar, which is widely differ- ent from the real par, and the consequence is that to allow for this difference the current quotations in dollars are much below what they would be if the exchange at which they were to be converted into sterling approximated more closely to the Teal exchange between the dollar and the pound, It1s proposed, acvordingly, to suostitute 43. for 4s, 6d., and by this change the difference will be hardly appreciable, so that the current quotations in fature will represent somewhat closely the ac- tual proportion of the price of the stocks and shares quoted to the price of issue or nominal par. As it is, American securities are at a constant ap- parent discount, even when they are at or above par, and the quotation is necessarily puzzling. The improved quotation of American securities on the London Stock Exchange will commence simulta- neously with the amended quotation of the New York exchange on London, directly representing the relation of the dollar to the pound sterling. The persistence of the old oficial forms of quota- tion, which are now to be altered, is one of the most curtous proois of the conservatism of trade customs, RAILROAD BONDS preserve their recent steadiness, and we note the foliowing sales:—Chicago, Burlington and Quincy, eights, 109; Central Pacific, gold bonds, 93; Union Pacific Railroad, first mortgage, 79%; do. do,, sevens, land grant, 70}¢ @ 71%; do. do., tens, in- come, 6534, 6534 a 67; Delaware, Lackawanna and Western, convertible, ex-interest, 943 ; Toledo and Wabash, first mortgage, St. Louis Division, 82a 814; Great Western, second mortgage, 78%; Chi- cago, Rock Island and Pacific, sevens, 103; Toledo and Wabash, consolidated, convertible, 7134; Ohio and Mississippi, second mortgage, 71}; Mil- waukee and St. Paul, eights, first mortgage, 1013¢ @ 102; Alton and Terre Haute, first mortgage, 993¢; Central Pacific State aid ponds, 100; Erie, third mortgage, 96; Ohio and Mississippi, consolidated sinking fund, 8944. The following were the bids as amended at the call:— New York (en ge. s Tol & Wab Ist m,St LD Hs To: & Wab 24 m. 6 Tol & Wab equi i New York Con o's sub. tis Tol & Wab cons con... 714 Erie Ist m_e: Gt West 2d m, 192....:2 78% % lil & 80 lows’ Ist m..... 85 9% = Galena & Chie ex. 99 256 95 5 Mo ry 03 105 Wi Harlem con m 98 Cen ist m, new. ..100 & Susq ist [98 NJCenddm. 83 Alb & Susq 2d 9% NJ Southern 40 Mich Cen con 9 Pitts, FeW a 02 h Cen Ist lot Pitts.Ft Wa 93 Chi, Bur & Q 109 Pitts, FLW a BS Mich 807 pe, 9% Clev & Pitty 0 ich So 4 N 8 Cle’ Pitts 34 im, 9% Clev & Tol st. 100% Clev & Pitts 4th 85: 4 Chic & Alton st Chie & Alton Ist 01 ¥ = Chie & Alton ® Ohio & Miss c: 83 «= Ohio & Miss 9 Ono & Mise % «68t Louls & Ti al hod Mil niGen 7 1b, Mil Cen HH ORT Pay me mil Altat OM. Alt aT w Ohic & N . i % 85 76 1h oT Le 16: ‘THR STOOK MARKRT Presents few features for comment, In the early part of the day the decline ranged from % to 136 per cent, but later, when the reports began to flow in from Washington and rumors that we were to have immediate inflation disturbed acute financial minds, an advance took place, varying from % to 1% per cent, In consequence thereof @lew persons ‘unioaded.” It is unqueationanly necessary that somebody shall make a market to Sell on, and t¢ will not disappoint a very conser, able number of persons if Washington tmfuences | WOW at Work force prices several points higher, | ‘The principal dealings were in Western Union, Lake Shore, New York central, Rock Isiand, Wabash, Pacific Mail, Union Pacific and St. Paul. Delaware, Lackawanna and Western was strong and advanced from 95% to 97%. HIGHEST AND LOWEST PRICES. ‘The following table shows the opening, highest and lowest prices of the day :— Open N.Y. Cent. and Hudson River stock cons’ted.. rg MM Hariem. Northwestern. 48% Sorsayceenern preferred 69}, i 9836 Fort Wane 88% Milwaukee and St, Paul, a3 Mil. and St. Paul pret. Ohio and Mississippt.. ie Pacilic C., C. and Ind, Central. Bs Western Union. Pacific Mali. 586 Fy] 92% In Philadelphia stocks were dull. We quote:— ing. Highest. Lowest. 91% 90% L 115 41 464 72% 10% 41 455 486 47 70 6996 9356 92 883g 88% 8534 346 59 68% 26% 25% 2656 24% 2339¢ 23 67% 6656 3256 31% Pennsylvania sixes, 108; Reading Railroad, 58%; gold, 108%; Philadelphia and Erie Railroad, 17; Pennsylvania Raliroad, 44%. SALES AT THE NEW YORK STOCK EXOHANGE. Mond: -. 115% $5000 $4 aie He "sai0 bell $09 USO, o, (00 dos. 1000 do... S580 6, 585 Dec. 1—10:15 A. M. us 0 A. M.—Before Call. 1000 shs West Un Tel.. 67 400 do. 7. ‘800 67: 60 67 10 67 200 67 200 or 1300 oT. 10 66% dou io e FS 0 N ae 100 Tt 1000 91 91} BEREESEEE SEESEEEEE SSEESESESESESESESE SOEEREEUESEEE SESESSSESESEEESE Sy SEEE Sushs uv Par' 100 Con Coal, 600 West Un 66: 200 do 86% iy coe a0. tip) do. se i di 655, Sc g do. -c 66) SESEESSESEE <Cpp MPSpTaeRSREERSS ee oFUBEEEe BEE RESESESESSHE S = aK tdatttotttd 0. & Pitts, 100 Mich Cen «RD c.s3 do. at 15 days. 10L8 do = unde SSESEEEEEEEEE Ap seee sess se ass faa 500 10000 U EATpCEEEgSTEEEGEE gepiiy ESUUSEESESuayuEsseEe 200 100 Con oa woenyY on 4HRRB vi 00 a: lw wn 2 i % 200 a wo 7 100 7 25; i 25) # 3 90 26) 900. 2% 2300 + th second Board—1 P. m. 80) ahs i Pac RR... lo. ne Sai SESeeee ? 8 3 ‘J z A ig Eye ij BAe sal Fac as 35 Sea? = m FS i e ezes car 3 =: & = F aSecsd! SEEEneSScetst 3 1 = Bein e s Tage AESSESSSSSAAS ISAS PEEsESSEESEEESESESEE See! “ =Se8¢ ssesrewresec: Board—10:30 A, M. 4 1 shsL>&MSREDS 714 do. ey i ao, 80's, cur, © © 16 q ener 3 : SE eo gees BRRES: Ss! SASREZ ER ESRESESSE SES URSRSBERATSS SA x = = i i sueene a Se: 91) FRERRRERES RRR E aK Se, 12:15 to 2:15 P. M. big Cc, 65,n.be ae ta ‘S5u0 pe tT. P. M.—8Kefore Can. B 47 a7. « 2: IR ste tn BREE = od ftp SSterses 100 Chi&N W RR pf. 3 0. BECESEESESE 5: 228 Ssagsessegneegeases ee SCSSESESSESSESSSSEEEE! Sgt ey: eeuee ESSSsESSS THE PUBLIC DEBT. Statement for November—An Increase Reported—Details of Coin and Currency on Gand, WASHINGTON, Dec, 1, 1873, ‘The following is a recapituiation ef tue public | debt statement :— DEBT BEARING INTEREST LN COIN. Bonds at 6 per cent. cree ++ $1,218,840, 150 Bonds at 6 per cent. se 497,801,400 $1,716,641,550 a 37, , 752,378 DEBT BEARING INTEREST IN LAWFUL, MONEY. Certificates of indebtedness at 4 per $678,000 14,000,000 ”- bss 2 1] 51,8: DEBT ON WHICH INTEREST Has CHASED SINCE ie TURITY. Ste $20,946,570 381,867 DEBT BEARING NO INTEREST. Old demand and legal tender note: $367,001, 685 Certificates of deposit. 20,150,000 Fractional currency 48,041,349 Coin certificates. 80, 220, 600 Principal $465,13, 635, Unclaimed 22 ++ $2,217,679, 755 38,333,725 TOtAl...cccccscerececcccesscescer ees s+ $2)206,018,481 CASH IN THE TREASURY, Coin... aa J. $83,709,987 Currency. 1,206,440 Special deposit held for redemption ‘or certificates of deposit, as brovided WY MAW: cocccesisccsccacvseczesesacavse, |, 50,160,000 Total........ secceesceece $105,156,427 DEBT, LESS CASH IN THE TREASURY. December 1, 1873. $2,150,862, 053 Novewber i, 1873 2)141,583,476° Increase of debt di 9,028,576 Decrease of debt since March 1, 1873. 6,518,647 Decrease of debt from March 1, to March 1, 1873. 868,082,559 BONDS ISSUED TO PACIFIC RAILROAD COMPANIES, INTEREST PAYABLE IN LAWFUL MONBY. Principal outstanding... $64,623,512 interest accrued and not yet paid. 1,615,587 Interest paid by United States. 20,447,986 lnterest repaid by transportation of mails, &¢...... eet 4,545,453 Balance of int + paid by Unitea States ...... seceseeeces 15,902,633 COMMERCIAL REPORT. Plour Firm—Wheat and Corn Quiet, but Firm—Oats Firmer—Pork Firm— Lard Easy—Coffee Active and Firmer— Sugar Firm—Pctroleum Firm—Spirits Turpentine Firmer—osim Steady— Whiskey Firm. Monpay, Dec. 1—6 P. M. ‘The markets remained without decided change. The weather was unfavorable and business was moderate, the markets generally being quiet and steady. Cotton was dull and declining. Flour was a trife firmer on the low grades, Wheat was dull, but without decided change. Corn was decidedly dull, but prices were without change of moment. Oats were firm, and rye was decidedly higher, though the business was moderate, Barley was unchanged. Whiskey was steady. Pork was quiet, but firm, future sales being made at ad- vanced figures. Lard was less active and easier. Freights were sieady. Groceries were generally quit with the exception of coffee, which active at ad- vanced prices. Petroleam was quiet, but firm, Spirits of turpentine wasa shade firmer, while the market for ‘was about steady. Corrax.—The market continued active, and prices were ‘again firmer, to which we conform our quotations. The sales were et Blo, et x it hp Bie. 58 tex Adaiade Pendigast; $30. b a are and S10 bees Santon ox Vila. s oa" private, terms. We te :— Rik Sea wie, ay id mies cond an, Bios prime do, er c. 8 I524e-, Kol 00d dow, és, extreme rai fe i Cone ‘a Se} TS, Rica, Sieeilan Zaye. @ Me; O o1 spot was unsettled and again lower, the annexed quotations movie. © decline of 3¢c. per 1b. from our quotations of Sat y. Future detiveries were ‘per Ib. lower, with @ more active demand at a de dealing We ae as | 7 Alabama. WN. Orleans, jie 6 quotations bi pot “es orton in store running in quality not more than hal rade aber above or below the rade quoted. For ae ¢ Sioa tata low middling) Jes have, been as follows Sales saturday evening, after one F. -M.— December. + short notte Jan 4,700. . 700 at ry Ibibe it Li 200 at 15 '25- , 100 at 16 3-220. es 16 1. 820, j SU arise. Marén, 100 at 6 15.320, 500 at 1640. 4.200 bales erty it 16 13-16c., Le 16%c. . Up to three P. = Den Somber S00at 1b $16.20) at Wasgs. 0 at ldigc., Fog soeiae 15 L1-160., 5 20 at 15 tT Sanuary, 1000 % 15 =. 600 at 15 9-16c.. 400 t 15 7-$dc., 700 at 60 iy gginb busta "gora, 1a do. 2) bags; Rat ruled tirmer for low Dut ouhor kinds were ie ile rants The es ad er a, eluding all kinds, foot up about 13 ee bis, at prices Srithin’ the range of the following ' quotations : Teal ,was in moderate request, and lot were placed to the amount of 725 pbis. at our quotations. We quote : my # a $5 50 57 a 6% ~ 69 70 70 a 70 55) a 60 6W a 675 67> 80 Jounin iis und hoop Ohio, Fanily +70 i 2 st 68 a 675 70” Th 8t. Louis, choice doub! 70 800 St. Louls, choice family. 8.90 a 10 50 Calttornia. . Nominal, Rye flour, 40 a 575 Southern, No. 2. 40 550 Southern, superfine. 575 6 Southern, extra. 700 8 Su Southern, po. 850 1 25, orn meal, W 33 30 Corn meal, Jerse =f 335 340 Corn meal, Brandywine - 39 400 loric. » 30 375 +. 18 0 £0. b. he sale mmon Chicago fer} 55. fe fee ti last Salt ot tb or No. 1 Milwaukee, 1 52 tor interior fllinols winter; choice Ohio held at 1 65 and amber yt Oe was duli nominal rate 7 arain waa (2d; oy sail, 2,500 poxes chee: ile} Fes) don, by 2,000 boxes. per Ib., and 100 boxes Races charters comprise:—A Norwogian b Hence to a direct port ™urisiot channel with 2200 a ‘fet pare betes to Bork tie ended nites ingdom, wi 200 xf Bi bd. a Norwegian bark hence to giant Firemen, ‘of Bremen, Maphtha, at’ 7s, Od.- a Swedish hence to Trieste, with 0H bbis, refined petroleum at 7s, lied. :& Norwegian brig, hence'to x direct port Medi terranean, with 5,000 cases refined do, at S00; an Ameri. can schooner hence to Java, with 150.0 cases retincd do., at 75c.; and # British bark, ot 626 io or ionteveat pt 626 tons register, hence with lumber, at $23 and primage. jes the market continued Domestic sold in lots to quote :—New crop—Cabi he ao Gta . grocer “tbe. English Islusda 266; a fe: ‘New Orleans, Navan Sronae =The.4 market “for spirits of turpentine was gaiet. but a ate firmer, clomng at 40c. tor Tae Chantable order. We heard of sales im lots footiu 130 bbls. at 40c.; also 100 New York bbis at dlc., an selected New ap bola. order, at ‘ee, ‘nominally &! rae ase P anee, ‘of 1.400 Dis of No. t a lo, Ling 1 st So. 1 Hata de ‘nominal ar'at about $8.4 by OLEUM.—On 'Change hibited sparket fo refined was inactive, but values exhibit -d no material chan; aq quoted at 13%c. for balance of month, with bids at irday sales were made of 2,300 bbis. 0: refined for Grst halt ot yyanuary. at 13}gc. Crude in Bark was moderately in for, but parties were about 3<e. spect pag al Dee. for Daiance of year, Cases wore neglectod, bat quoted nominal steady at ieee. a 19., the latter price for sinall lots. MR ae Roiilinal at about Sige. tor city. The Ph} jadelphin market was dull,with refined quoted nominally at 13c. for December or January delivery. Late Saturday there ‘Was 8 fair business consummated, with sales reported of 15,000 bbls. tor December and January delivery at 13c. At the oil producing Rents the imal Ret was oy orted dull, with poms aons Se lio ws :-—Oil Cit 1; Tl tusville, 92! ¥ ‘and: . Speed she iver tows Oa oath Db city naphtha at 8c., an hilade! Tefined tor December at Lic. ne « Provinions.—ioolpts-—bork, os bbls. ; beet, 214 pi pack: es; cut meats, jerce: Pork—Stock this , of ‘wien oK8. it %4,145 bbls. are old mess, The market for mess Bork firm at the recent improvement —quoved nominally at $15 for December. We heard of sales ot 1,200 bbls. tor March at 5a, and 40 bbls of eity mess at $id." Bacon was quiet, Pat not materially changed in val We, The sales were boxes 01 heavy city long clear at 7%c., cash : 400 boxes of do.. rumored at the same pi 13) boxes of: light city fong clear at fen, Dressod hogs were fOrmer, bu Weak ; quoted at 5Xc. a 7¢. tor heavy to light, and 7igc. for market pigs. Beef—Stock, 17,439 packages. The market today has been quict, but values exhibited no ie Lots to the umount of 128 packages were placed Fy prices ¢ within the range of $9 50 KH ‘$10 8 for frst g grade $950 for second 3128 for, extra | meen, lor prime lerces; $25 $25 fdr Ladin do, tlercos? and. $21 a $28 tor xtra India mess, do, Cut meats were trad Sa aiuict, bur the mar- ket firm, We heard of sal \t “i; 0 smoked hams at lic., 300 do. at vie do. Ibs. average) at 10!c., 50 boxes ribbed be! fice 12 Ibs. rane) 9) at ee. and ‘boxes of shoulders, for March, Lard—For Western the marae was quiet and a sie. for December and 600 tierces for Janu- 750 do. for February fine easier, closing at Sic. cash, Sio. for Janus 1@ sales wel it 8 5-Léc., ) do. tor do, at Si¢ ay ¥o, 500 do for March at EH. 500 do. for do. (later) at Sisiéc. City lard sold to the extent of 400 tierces at 8, for prime. Ricr.—Trade has been slow to-day, but the market firm, particularly for Caroling. 6 sales foot up 60 Hercey of Carolina at Tic.0 83401, small/lots of Fatua at ea Tige.. and 125 bags of Rangoon at 60. & Ofc ‘Sveat.—There was a fair for raw sugar, and the market was very fir ian dealers quote vance from the appended quotations. We heard of of 20 hhds. of good, refining at 73¢c., 300 hnds. of Porto Rico at 7c., ana of Cuba ‘on private terms and 8 rumored carg: fined was quiet, for candere “A's!” ‘and 4c. jote :—Ouba—Refining, inferior {tar to good ‘fair, 7 rime, Tic. & 7%C. “to go Xe. a Ber; prime to cholce, sc. a Syc.; centrifugal, hhds and boxes, bhds “and boxes te. a Sc. mo Ac. lavana— Woon, buick standard Now 7 to * 6 Be oe + do., 10 foil Tigo. a 80 | hon 1 to 18, 84 “18 c. ; do., i Bad Porto ico—Kefining, common to p 6c Brocory, fair to choice, 7c. a 83¢c- Bre, & Tee Ree 8 to ik bigs. & Tie. Java Duten stantard, Nos: 10 ta 1 Tago. Bras. Manila—Superior and extra su: rior, 6Sac. Precise The market Was dull. and in the absence of Hooted at 7 Sl6c. We TaLtow was quiet. Prime city heard of sales of 75,000 Ibs. of outside nt Tige. a Tac. Wauisxey,.—Receipt bois. “The demand was fair, be the market was again better. Sales, 500 bbis., at 93c. ac DOMESTIO MAR MARKETS. Gatveston, Dec. 1, 1873. aa, net pays 2000 bales. Stock, ew Ontnans, Deo. 1. 1875. Cotton antet; held at at previut prices, mid- lings, 16%. ; iow midd int Iie siriet go Savane 1c. "Net Focaipts, 164 10,546 03 Exports— To Great ~ Bales: 000; laat eveting, 2700. stock 13i.ait. foarte, Dec. 1, 1873. 1536. ; ‘ow smiddiings, 150. : Net ate 52p bates, Ex: aa Cotton easier; middlings, strict good ordinary, 14} ports coastwise, 2,252, pas oat Cotton quiet; middlings, 150 Ret’ receipts, O29 bales. Export ‘0 the Coutinent 2,763; coastwise, 1,491. Sales, 2.080 Stock, 105,657. Cuartrstor, Dec. 1, 1873. Cotton dull and nominal; middlin 5c. ; low mid- dlings, 143<c. ; strict good ordin: Net it suai batee ietports coastwive, RCT. Salen oe ‘WILuincron, aM ge aes. Te Spirits of turpentine frm at 51240 firm ai for strained. Crude turpentine que! at $2 tor hard, $290 for yellow dip. Tar steady ahi EE Doc. 1, 1873 and, unchanged: sales 100 Dols. at $1 75 1 for R cra 1 spri DE, t Ad Sor, Seaves winter, $9 50 for white Wintess $i0tor jouble extra. ¢ firm, m, Dut quict :sales No. 1 Milw: ry ‘club a of as to New Yor bushels wheat; ae ecto Se sidan a4 1873, in store—w' 550" bushels; corny” 201,602 161.494 do. tye, 5,028 do. ; orts for the ry — usheis; corn, 8, ei rie ments—Wheat 21,700 do. ; ba aie ber Rg 37 9 a eat Pon sale: imited to ce Bea *Mtiwaukee Ne, taming se door 44; surance 5 ‘No. epring, nS 4 Us 40: Chicago No. ed winter, #1 a 81, 9; white winter ertita Og seins ia tos untae! Barley in good gemana Phicago at gt A Qu dos Ga: s—M. ae Baek, aoe a sit sheet cute, a ata "lear oH pg 16 50; hams, luc. ; shoulders, 7 rd in tierces, Sc. ; do. in kegs, 8c. a Men mv it ddmend; amber Michwans 91 40% 8 in fair demi an, ‘cash. eo00'C Rate in i Tred, nah $145, Now aM ToLEDo, Dec. 1. 1873. and. What rin and oll 1 ad. Decem! pa ‘at ee oe Wo. iM Dre: eck Gan 9,000 bushels wheat; Px i 7) do. oats. Shipments, 19,000 = — wanrkaee t $5 Gn $5 78. Wheat actt and tighe No.1 Fi igs ft 034; No. 2 do. $ BI” ors anuary,closl ot ne days Ni ape es ye Fr; 47h. Tojected tn fair demand and ‘arm at CAGO, > Dee. 1, rand in fair demand; tales. of extra s over ind 3 thebed a1. PG ted, a higher at do. for No. @ mixed, cash ot Deeem- disgeuj new do. dig ‘a MC. for No. 2, eas 5 ejected noming ‘hye scarce at ory sctive aud Ay at 2 9a eer ss we ‘spi ‘ork in ner ne eet 4 $i4 $3 Fepronty. ‘Lard ari et abeuary: Bulk meats in Taye demand at cy Swe, re Boxed meats—Short clear rales, hort ib tiddles, partly cured, 630, a 6c. wae flour, 1,000 do. rye and 9,000 do. bar! » Barley. THE CHEESE MARKET, rhal Y., Dec. 1, 1873. vets to-day only about Sos xes, and only one sale eee at 1 2780. ; some sent on commission. Anol So ee propaply close this mark At Little Falls 200 boxes of dairy were sold, at 9c. ; 1.000 boxes of factory changed hands at 13c. a 134 et was dull. EUROPEAN MARKETS. Loxpox Moxzy Mankxt. “Loox, Dec. 1—12:30 P. a Cousols tor the account, seh United States five-twe: bonds, Pm ‘8 $c sai 8, Ts. Erie Railway shares, P. M.—Erie fet “shares, 39; do., preferred, 15, M.—Krie Railway sh E tie *Kailway shares. 3 P. M.—United states 97'4 for the fsque of 1867. Erle ares, Se ew York Central, 73, 4:30 P, M.— Paris Bounst Dec, 1-2 P. M.—Paris de- Lonny byte wag ie Rontes at Sef. 8c, 5P. M.—rrench rentes orton, Manken—Livegroot, Dec. 1-430 re at rime the ‘ealos to- day 5, 5,700 bales were American. on the basis of middling uplands, nothing, below middie deliverable January, at 8 716d. Sales on the basis of tiddling uplands, tiothing, below good ordi- ary, shinped January and February, at 89-164. Cotton rive Iiod, cheaper. "Sales. on ti ¢ basis ot middling rdinar ipped Decem on ot tae of low Rary ahiuped. December and January, at 8 filed. The market is quiet and steady. iad} ng Speeds. Sf middling Orleans, a. 000 bales, including 2.00) Tor speculation and export, Sales on the by sis ot mid dling uplands, potp a gember, att uary, at 87-164. ; do., do., shi atsi¢d. Sales on the baits of ml Ww good. o1 ‘over Reoacae Bales on nthe basig-of midaiin ng uplands, Below god ordinary, ‘deliverable Es ey ni ‘ebru- mer AVERPOOL BREADSTU! Par mee peirerdan Deo. 1— P. M.—The market is qui m ° LavsirooL Provisions ‘SCaneer —-LivERI P. wt, for new Gumbettand ‘out jor new mess. 6d. per owt. Per cwt. for now short rib middies. and February, miaditn; ian ng NOU December, hing the sales wore on to, high mixed mixed, in store, and 7ho, and in tatr demand at the imprvyement; the sules reach, Se. foe Sig at) avery ny Goor, berse ; Pirascrat gor i Dushels state vold a8! niet, rt © red ie a ie eae ate "s ah ast a rowed do, mane —There rave business fin the tine room 0! nore freely of berth, treighig toatay i 1 feed be Sr ag | Bia Hauge arr aatye ty inverter POOL PRopuce MARKEr.—Livenroot, Dec. 1—5 ‘M.—American rosin, 8 a f owt.” Spirits fur Bains se. © Gd. per cwt. Refined petroleum, 13}sd- 4 \d. pel jon. via re 7 Paopvon Manxer.—Lonpow, Deo, 1—Evenin rit ca tarpendne, Sis Yd.per cwt ‘Linseed oil, FINANCIAL, XANDER PROTHINGIIAM & COM Absent tor corporated companion, mer See atoani —stoc! Acai atta Pe in Mio aa lots uae ‘Sta or responsi! irt lar, with refer ‘atied to any addres THE NEW YORE STOOK Ex good stand: b Sreepnty change for seven years, it position in '« banking or stook pommission ti iouse wen stock cierk, hookkeeper ant the buainess Te eee ia SHORE, be: ee] ul PROM PUBCHASER—A $5,008) Secend’ ttorinnge on city. brown Rewider pas: ens than a0, ¥ ears toruns te, iirst, or ae rr yy an institution permanent. Only parties money, address | ‘OWN +B, box 795 Post office. FLASKS & BRAINS, BROKERS, 11 BROAD STREET, Stocks and Gold bodght and sold tor cash uF on gin; privileges negotiated -on sepoqnetia firms, wh can be user in place of cash margin; tl rage Pind with small capital to speculate with litte risk. atory circulars mailed M ONEY TO LOAN—ON. NEW YORK OR BROOKL' YN. Property. Principals may apply ati7 Cedar stress NEw YORK SEVEN PRE OLNT BONDS. nd Ye Atha eT Fis MCOuay & <x N, B.—fnvestment Securitice our specialty over 2 FeaFR iO LOAN—SUMS 1O SUIT, CLAS DWELL- N in i s. dao city or Brook: Pi fas TBoE HTS Herati cnigen rimelpals af LOAN sim chee Paying 10 to 20 pei To eiEoUTORs OB SAWYER for five years ot $2,000, $15,000 and $12, reson avenues worth ‘three times Beit ou es pasion Rayins, Pes sage ie wind, these applicas o1 Q N, 1,280 8 corner of Thirty-third sircet. 1S Brose NION TRUST COMPANY, OF NEW YORK, Notice ts hereby given that the Union Trust fo will resame Dasingss Monday, December 1, 1873. sii WARD KING, President. E CAN MAKE LOANS ON FIRST OLASS IM- Proved city Property or purchase First Mortgages on unimproved real esta! We AWARD & LEAVITT, 64 Wall stroet. $200 INVESTMENTS IN WALL STREET THR ‘+ lastten days have paid many of our custom- oe Sa sums Ge low as $10 nti ttyl Li des od withous bage explanator het mailed on a, tion, iar eNriNG t sank biceeen, & es, Bankers and Brokei 39 Wall streets New York. WANTED—FOR 408 6 MONTHS; BONUS 244 ber cent per month given; seourlt roitare, &c.. in Hudson Count 'N. J. Note. Address JERSEY, box 1,9 New York Mica $50 ganple: on | ndorse\ Post office. $l 000 NANzeD-on rinse CLASS SECURITY, for three months; liberal rate for imme hate cash. Address ROBERTS, Herald office, $3. 3.000. —ONE YEAR'S MORTGAGE ON HOUSE $20,000 to sell pee ae at Greenwich, Conn., w 5B. COCKCROF ‘T, No. 5 Pino | street, room II. $10.00) WANTED, AS A FIRST MORTGAGE for one ir, on first class Brooklyn Property, worth $30,000 yx 158 Herald office. 00d bot $85, 000 1, 294%, 2X3 Foz INVESTMENT— vi nus Address BUNUS, In good First and Second wor axes. OF Improved and uulimproved city Property: $4.00 for Brooklyn. W.D, Wali street $150,000 Picstas..20 sue 198, dose good Second Mortzagos at a reasonable discount, PHALON & SLOAN, 3l Eust Seventeonth COPARTNERSHIPS. PBsonetion OF COPARTNERSHIP.—THE FIRM of Degraaf & Taylor is this day dissolved by mutuak consent, John Richard retiring from said itm, New Youx, Dec. 1, 1873. DEGRAAF & TAYLOR. HE FIRM OF STEAD, STONE & CO, IS THIS DAY dissolved by mutual consent, Hither pariner wilk sign in Hquidation. CHARLES M. STEAD, New Yorx, Nov. 20, 1873. SIDNEY E. COOKE WE UNDERSIGNED HAVE THIS DAY FORMED A coparnership under the firm name of Stead & Cooke, for the transaction of a general brokeraxs, | business in B Stocks, Bonds and Gold, at 46 Canis t STRAD. New Yor, Nov. 29, 1873. SIDNE EY E, VOOKE, UNION TRUST COUPANY. — ooo The principal item of interest in monetary cir~ cles yesterday was the resumption of business by the Union Trust Company. As the suspension of this company was one of the initial events of the recent panic, tending largely to produce that re- sult, the resumption yesterday was regarded as correspondingly indicative of recovery. During the early part of the day a run was made on the part of depositors, which, being tully met, gradu- ally fell off. The company owes depositors $5,150,000. To mect these debts it has in ciean cash over "$4,000,000, and in assets convertible readily into cash more than double the balance due to de- positors. The capital of the Sonn aay is unimpaire its surplus before the panic having been sufficient to cover the losses by Carleton’s defalcation, and also by the depreciation or joss on loans. It wilt thus be seen that in point of financial strength itis in @ position to salely challenge eacn depositor to draw whatever he has to his credit. The new officers of the company are pee) whose names should inspire confidence its future management. ir. Edward ‘cine is President, Mr. James McLean ig President and Mr, Freeman Clarke second Vice- President—he to fill the vacancy caused by the resignation of Mr. Henry K. Bogert, who soeenee last April. The following gentlemen compose the new ecutive Committee :—Messrs. A. A, Low, James McLean, B. H. Hutton, C. D. Wood, George G. Wiltial William Wainwright, Jr., E. B. on and Samuel st ‘The new Secretary is Mr. James H. Ogilvir Itis stated on behalf of the trustees that the reports which gained circulation tnat Carleton was not promptly arrested because his arrest would implicate some of the trustees, is wholly un- founded. The company has not lost anything by any action of the trustees, nor do the trustees owe the company anything. OITY AND COUNTY TREASURY, Comptroller Green reports the following pay- ments into the clty and county treasury yestere day — From taxes of 1873 and interest... From arrears of taxes, assessmen' From eoliection of assessments and interest Brom market rents and rr om water rents. 2610 From licenses, Mayor's office * aed From fines and penalties, Heaith Department... 1 From fees and fines, First District Court... 219 From sales City Record. & Total... $46,431 Disbursements— $344,656 The Comptroller also paid the taxes $6,975. Ab- e Comptroiler’s ofice this “BEAL BS ‘BEAL ESTATE The only sale at the Exchange Salesroom yester-; day was of the house and lot, 25x]144, No. 30% Tenth street, north side, 170.6 feet east of Cee A, bought under foreciosure by Kaspar Boge mortgagee for $8,212 above inortgage of makingy ‘@ total of $23,275. sentees will be paid at afternoon. _FOURNITURE, be teat “AND, MONTALY x PAYMENTS FOR Furn! Garpet and Bedding M. COW- Pekrnwatt FE 00.4%, 186.and. 197 Ch sa ‘street. Am immense stock | stock and iv prices. LARGE \ LARGE ASSORTMENT OF CARPETS, FURNITURE A and tere. at lowest cash pris by. wh instal ments, at O'F ELL's ‘warehouse, between ‘rhiruisth and ‘Thirty-firet streets, RARE CHANCE FOR CASH.--GRAND fe . A torte, cost $900, for $275. Parlor Suits, $75; Re; H’Bost Tt $2 a 300 tots" heap, at private 21 Bast h street, near Broadway. MAGNIFICENT DRAWING RUOM SUIT, GRANDE Duchesse, Yompadour styles, covered ailk Drucade, Cost $800, for $200; do.. $125; do., $4. ; Pianotor! Si.0, tor $250; parlor, chamber, Hing purniuire > & a ce. , near ba av. oth st. mace te otder L rR re mi PRIVATE FAMILY, DECLINING HOUSEKUEP- ing, will dis) Furniture, in lots to suit, for Or oliar, Mo- 1 Bea! juetie, velvet and Brussel seul ar yard, Parlor uit, covered in satin, cost $500, tor i gue do, Chickering & Son Pianotorte, cost $1,000, fc poe Suits, from $25 upwards; rep aud Tash Parlor Salty to $60; Paintings, Bronzes, fiver, Ubina, Buffe tension Table, Chairg, % Cureatna, Mi ie Fg Mecsas and vate Hiehsa Furnituy laeuee. antiNe “A LARGE LoT oF DAMAGED a ~ Olle Window Shades, P: Hangings, &c., for elo dai cheap at 108 Chambers street brocade, made to order cost $3 : Drocatel, plush and fer ‘Suits, $1 a Furnitu toate city, metric! Bsth'st, near 4 do, sits: ewe 101 ‘SOc. Up; tanbek library, any reasonable olfer: taco A WANDERHOFY, 10 104 Kast 3 OLD ee ENTIRE _ Hougehgtd erature privaze ae 20, Ws yon lye od CU ay a: He dateal ae soe ee mare Sreinway And, becker Fs Broo. ae Faindnes Bypnaes, hall and kitohen Furnk: osreets. Beats Heading, &e. Payments taken by the week or month, Terms easy. corner of Twenty-ffth street and Sixin avet nd Sixth avenue. YARPETS AND cones aT THE LOWEST _|C cash prices; weekly or mss nly Ba! ee _886T Third hird avenue, ve ventas Ab oD SEOOND HAND: AD, eae Poise nie —All sizes, rel three: hy 8 ons ing! at Rc el bee Geen cok * TGLanKE 1 nt. ie ARR ANDER ROTH | yowes can hea ae Be ae 10 Eighth avenue, —